The Composable Infrastructure Global Market Report 2023 by The Business Research Company, provides composable infrastructure market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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In accordance with The Business Research Company's comprehensive analysis in its Composable Infrastructure Global Market Report for 2023, the expansive composable infrastructure market has witnessed substantial growth, soaring from $3.81 billion in 2022 to a noteworthy $5.49 billion in 2023, reflecting an impressive compound annual growth rate (CAGR) of 44.0%. Regrettably, the geopolitical upheaval stemming from the Russia-Ukraine conflict has cast a shadow over global economic recovery post the COVID-19 pandemic, manifesting in economic sanctions, escalated commodity prices, and intricate supply chain disruptions. This turbulence has, in turn, propagated inflationary pressures, rippling across diverse goods and services markets on a global scale.
Prognosticating into the future, the global composable infrastructure market is poised to burgeon further, projecting an estimated market size of $27.22 billion in 2027, steering towards an elevated CAGR of 49.2%.
A pivotal catalyst propelling this growth trajectory is the escalating demand for agile IT infrastructure, driven by imperatives to foster business expansion, curtail costs, and enhance team efficacy. The surging interest in adopting cutting-edge technologies is facilitated by agile IT infrastructure, affording companies the ability to seamlessly integrate new technologies, exploit versatile deployment options, and expedite the development of web applications. Embracing composable infrastructure becomes imperative in this context, as it paves the way for an agile IT environment within enterprises. This is achieved by optimizing application performance, mitigating underutilization and overprovisioning concerns, thereby culminating in the creation of a more nimble, cost-effective data center.
In essence, the trajectory of the composable infrastructure market is intricately intertwined with the ever-evolving landscape of global events and the imperative for enterprises to fortify their IT foundations in the pursuit of sustained growth and adaptability.
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The composable infrastructure market is segmented:
1) Composable Infrastructure Market By Component Outlook: Software, Hardware
2) Composable Infrastructure Market By Cloud: Public, Private, Hybrid
3) Composable Infrastructure Market By Vertical: BFSI, IT & Telecom, Government, Healthcare, Manufacturing, Other Verticals
The composable infrastructure market is currently experiencing a significant surge in the adoption of cutting-edge technologies, marking a pivotal trend in technological advancement. Notably, advanced solutions within the composable infrastructure domain leverage state-of-the-art technologies, including Solid State Drive (SSD) technology incorporated into storage hardware. The integration of advanced algorithms further enhances device longevity, thereby optimizing efficiency and productivity. A noteworthy trend observed among companies operating in the composable infrastructure market is their strategic focus on the research and development of sophisticated hardware and software solutions. This concerted effort is aimed at fortifying their market positioning and catering to the escalating demands of a tech-savvy clientele.
The composable infrastructure market report table of contents includes:
1. Executive Summary
2. Composable Infrastructure Market Characteristics
3. Composable Infrastructure Market Trends And Strategies
4. Composable Infrastructure Market – Macro Economic Scenario
5. Composable Infrastructure Market Size And Growth
......
26. Africa Composable Infrastructure Market
27. Composable Infrastructure Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Composable Infrastructure Market
29. Composable Infrastructure Market Future Outlook and Potential Analysis
30. Appendix
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According to the new market "Composable Infrastructure Market by Type (Software and Hardware), Vertical (BFSI, Healthcare, IT and Telecom, Government, Manufacturing), and Region (North America, Europe, Asia Pacific, and RoW) - Global Forecast to 2023", The composable infrastructure market is expected to grow from USD 616 million in 2018 to USD 5,102 million by 2023, at a Compound Annual Growth Rate (CAGR) of 52.6% during the forecast period.
The major factors driving the composable infrastructure market include the ever-growing need for data storage and highly scalable data storage solutions, such as composable infrastructure, low CapEx and opex of composable infrastructure, and growing adoption of virtualization.
Browse 22 market data Tables and 33 Figures spread through 86 Pages and in-depth TOC on "Composable Infrastructure Market - Global Forecast to 2023"Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=68141063Composable infrastructure hardware is expected to account for the larger market share during the forecast periodComposable infrastructure software is expected to account for the larger market share in the global composable infrastructure market by type during the forecast period.
The segment is expected to witness growth primarily due to vendors, such as HPE, Liqid, and DriveScale with existing products in this market, and newer entrants, such as Dell EMC, whose newly announced products are expected to be introduced in the market in 2019.BFSI segment is expected to grow at a higher CAGR during the forecast periodComposable infrastructure solutions are out-of-the-box solutions that consolidate major functions of the data center, which include storage, compute, data recovery, and network support.
These solutions help banks, and other financial institutions, and financial service providers improve their operational efficiency and productivity.
The well-developed digital economy in North America and the expansion of the data center industry are key factors contributing to the growth of the composable infrastructure market in this region.
